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CPO prices seen at RM4,400-RM4,600 on tighter supply
CPO Futures End Higher, Tracking Stronger Soybean Oil Prices
Palm retreats from 21-month high on stock outlook, weak exports
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm oil may bounce more towards 3,980 ringgit
30/01/2023 (Business Recorder), Singapore - Palm oil may bounce more towards 3,980 ringgit, as it has broken a resistance at 3,888 ringgit per tonne. The next resistance is at 3,980 ringgit, a break above which could lead to a gain to 4,093 ringgit.
Minyakita Shortage Ahead of Ramadan; Ministry to Raise Supply of Cooking Oil
31/01/2022 (TEMPO.CO), Jakarta - Trade Minister Zulkifli Hasan stated that the government and producers would increase the supply of packaged and bulk cooking oil by 450,000 tons per month from February to April 2023. Zulkifli said that the plan was aimed at meeting people's needs during the fasting month of Ramadan until Eid 2023.
Malaysia's PPI rises 3.5% in December
30/01/2023 (The Star Online), Kuala Lumpur - Malaysia’s Producer Price Index (PPI) rose 3.5 per cent in December 2022 compared to the 3.2 per cent expansion in November, the Department of Statistics Malaysia (DOSM) reported today.
Govt to supply 450,000 tons cooking oil monthly until Apr
31/01/2023 (Antara News), Jakarta - The government, in collaboration with cooking oil producers, will increase the supply of packaged and bulk cooking oil to 450 thousand tons per month in the February–April 2023 period, Trade Minister Zulkifli Hasan has said.
Palm oil extends gains on bargain buying, ends higher
JAKARTA: Malaysian palm oil futures rose for a second straight session on Friday on bargain hunting amid a recovery in rival oils, ending the week with modest gains.
Malaysian palm oil futures end mixed
JAKARTA: Malaysian palm oil futures extended gains to a second session on Friday on bargain-hunting, but were set for a weekly drop due to sluggish exports and a stronger ringgit.
India’s sunoil imports rise to record as Russia-Ukraine fight for market share
India’s January sunflower oil imports are set to surge to a record 473,000 tonnes, nearly triple average monthly imports as top exporters Russia and Ukraine seek to reduce stockpiles, industry officials told Reuters.
Sunflower oil prices fall in domestic market
The edible oil prices are crashing because of good supply of the new produce coming in the wholesale market and record high imports in the month of January. On account of these factors, the edible oil prices have dropped by another Rs 40 to Rs 50 per 15 kg tin as compared to one month ago prices in the wholesale market. “Russia and Ukraine have liquidated their stock of sunflower oil in the international market, therefore its price has dropped by another Rs 50 per 15 litre tin in the Indian wholesale market,” said Rajesh Thakkar, President of Oil Merchants Association and owner of Shantilal Oils Pvt Ltd, Itwari while speaking to The Hitavada. Currently, soyabean oil is being quoted at Rs 2,040 per 15 litre tin compared to Rs 2,100 per 15 litre tin in the wholesale makret.
Palm rises for second day, but set for weekly drop
JAKARTA: Malaysian palm oil futures rose for a second straight session on Friday on bargain-hunting, but were set for a weekly drop due to sluggish exports and a stronger ringgit.
